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Which is the largest end user industry for Reciprocating compressor market?

03-18-2024 01:18 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Which is the largest end user industry for Reciprocating

Reciprocating Compressor Market Overview:

A reciprocating compressor functions as a positive displacement compressor, drawing gas into a chamber and compressing it by reducing the chamber's volume. Widely utilized in industries such as chemicals and petroleum, including natural gas compression and transportation, reciprocating compressors play a pivotal role in various industrial processes.

๐ƒ๐ข๐ซ๐ž๐œ๐ญ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž (๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ): https://www.alliedmarketresearch.com/checkout-final/4a91401d9e343e0eef67d092578341c0

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/A08093

Market Dynamics of the Reciprocating Compressor Market:

The report delves into factors impacting the reciprocating compressor market, considering both demand and supply dynamics. Factors such as drivers, restraints, opportunities, and future trends during the forecast period (2023-2029) are analyzed. One significant driver of reciprocating compressors' acceptance is their ability to meet the demand for gas production in diverse industries. For instance, oxygen is crucial for blast furnace operations in the iron and steel industry, while hydrogen is essential for steel manufacturing, leading to increased demand for reciprocating compressors to fulfill these gas requirements.

However, the high demand for rental services for piston air compressors poses a challenge to product sales. Many medium and small-scale companies opt for renting instead of purchasing piston air compressors due to lower usage frequency and high acquisition and maintenance costs. This preference for rental services impedes new product sales, affecting market growth.

Segmentation of the Reciprocating Compressor Market:

Application: The market segments include LNG and CNG transport and storage, with the segment expected to hold the largest market share by 2029. Growing demand from refineries, LNG, and CNG transport and storage plants, especially in developing countries, drives market growth, attributed to the high efficiency and capability of reciprocating compressors to produce high pressure and power.

Regional Analysis of the Reciprocating Compressor Market:

Country-wise Analysis:

Countries like India, Japan, South Korea, and China accounted for approximately 40% of global automotive sales in 2022, driving demand for reciprocating air compressors. This upward trend in the automotive sector is expected to further boost the global market for reciprocating air compressors during the forecast period.

Competitive Landscape of the Reciprocating Compressor Market:

Major players in the reciprocating compressor market have undertaken strategic measures such as facility expansions and partnerships to strengthen their market position. For instance, Burckhardt Compression AG introduced Laby compressors for LNG carriers with X-DF propulsion systems in April 2021, expected to drive market growth.

Segments Covered:

Type: Single-acting reciprocating compressors, Double-acting reciprocating compressors

Configuration: Horizontal reciprocating compressors, Vertical reciprocating compressors

Cylinder Arrangement: Inline reciprocating compressors, V-arrangement reciprocating compressors, Radial reciprocating compressors

Power Rating: Small reciprocating compressors (up to 30 kW), Medium reciprocating compressors (30 kW to 300 kW), Large reciprocating compressors (above 300 kW)

Application: Gas transmission and storage, Process gas handling, Pneumatic tools and equipment, Refrigeration and air conditioning, Wellhead compression, Vapor recovery units, Others

End-use Industry: Oil and Gas, Petrochemicals, Manufacturing, Power Generation, Refrigeration and Air Conditioning, Transportation, Others

Key Players in the Reciprocating Compressor Market:

Atlas Copco

Ingersoll Rand

Ariel Corporation

Gardner Denver

GE Oil & Gas (BHG Compressor)

Siemens Energy

Burckhardt Compression

Kobelco

Sundyne

MAN Energy Solutions

Sullair

Quincy Compressor

Corken

Bauer Compressors

Kaeser Compressors

Howden

PDC Machines

Hanwha Techwin

Hitachi

Corken



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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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